Dow Jones Industrial Average Adds 210, Notches First Weekly Win of 2016

Stocks, Oil Soar; Plus, Amazon Attempts World Domination

Jan 22, 2016 at 4:28 PM
facebook twitter linkedin


The Dow Jones Industrial Average (DJIA) ended the day with a gain of more than 200 points, as a huge rally in oil spurred stocks higher. Crude oil for March delivery saw the biggest one-day percentage gain since August, settling back atop the $32-per-barrel level. The DJIA and the S&P 500 Index (SPX) also retook significant round-number thresholds -- 16,000 and 1,900, respectively -- to notch their first weekly wins of 2016.


Continue reading for more on today's market, including
:

The Dow Jones Industrial Average (DJIA - 16,093.51) finished the day up 210.8 points, or 1.3%, with Apple Inc. (NASDAQ:AAPL) leading 27 winners with a 5.3% gain. Credit card giant American Express Company (NYSE:AXP) was the big loser of the day, falling 12.1% on dismal earnings. For the week, the DJIA climbed 0.7%.

The S&P 500 Index (SPX - 1,906.90) added 37.9 points, or 2%, to end the week with a 1.4% gain. The Nasdaq Composite (COMP - 4,591.18) was the biggest winner, posting a gain of 119.1 points, or 2.7% today, and 2.3% for the full week.
  
The CBOE Volatility Index (VIX - 22.34) lost 4.4 points, or 16.3%, for its lowest close in more than a week. For the week, the VIX gave up 17.3%.

160122Recap1

160122Recap2



5 Items on Our Radar Today:

  1. According to the U.S. Centers for Disease Control and Prevention (CDC), a strain of listeria found in Dole Food's packaged salads sent 12 to the hospital and resulted in one death. Dole says it has stopped processing at the Springfield, Ohio-based plant where the packages originated, and withdrew all similar products produced at this facility. (Reuters via CNBC)

  2. Existing home sales for the month of December jumped 14.7% -- the largest single-month increase on record. But that doesn't mean the real estate market is booming; new mortgage rules delayed many closings in November, pushing sales into the following month. (MarketWatch)

  3. How is McDonald's Corporation (NYSE:MCD) shaping up ahead of earnings?

  4. Apple Inc. (NASDAQ:AAPL) and Alphabet Inc (NASDAQ:GOOGL) bounced  back.

  5. Why these 3 stocks missed out on today's rally. 


160122Recap33



160122Recap4

Data courtesy of Trade-Alert

Commodities:

As the East Coast gets slammed with harsh winter weather, cold temperatures boosted demand for heating oil. This, combined with short covering and a decline in operating rigs in the U.S., sent March crude oil surging $2.66, or 9%, higher, to settle at $32.19 a barrel -- its largest single-day percentage gain since August. For the week, crude oil added 5.9% (comparing front-month contracts).

Amid hints of stimulus from overseas and a strengthening greenback, dollar-denominated gold for February dwindled $1.90, or 0.2%, for a close of $1,096.30 an ounce. Still, the metal added 0.5% on a weekly basis.
 

  

These investors are using the market's volatility to their advantage and scoring triple-digit gains on many of their trades.

Even in today's sideways bear market, this trading strategy has continued to provide consistency and profitability to a small group of investors. By using this approach, these traders are removing directional risk and still hitting triple-digit returns. If you want access to this strategy, and lower risk with higher returns sounds good to you, then don't wait another minute.

Join us now to receive our next trades the moment they come out!

 

Common mistakes options traders make
 


 


 
Special Offers from Schaeffer's Trading Partners